Episode 8 marks the beginning of the end for Harshad Mehta. While he is at the peak of his financial power, the narrative shifts focus to the systemic loopholes in the Indian banking system. The episode covers the collapse of the M.J. Pherwani empire (NHBC), the introduction of the "Bull Run" consequences, and the specific event that exposed the massive manipulation of funds: the Maruti Udyog scam. Harshad moves from being the "Big Bull" to a target of a collapsing financial house of cards.
The series is based on the book The Scam by Sucheta Dalal and Debashis Basu. In reality, Harshad Mehta's market manipulation involved approximately (adjusted for modern inflation), and he famously became India's highest taxpayer in 1990 before his downfall. scam 1992 the harshad mehta storys01ep08202 upd
As Mehta's influence grew, so did his appetite for risk. He began to indulge in market manipulation, using his vast network of brokers, dealers, and bankers to artificially inflate stock prices. He would buy shares of a particular company, often using multiple accounts and shell companies, creating the illusion of high demand. This would drive up the stock price, making it attractive to unsuspecting investors. Episode 8 marks the beginning of the end for Harshad Mehta
: As jobbers and the public lose faith, Harshad is eventually taken to Byculla Jail The Deadlock Pherwani empire (NHBC), the introduction of the "Bull